GAMBLING
ANKIT BHAGAT, SE II, 2208
Gambling is risking something of value on an event that is mostly determined by chance. A person is gambling if he or she puts up something of value, such as money or property. The outcome has an element of chance beyond the person's control. Once the bet is made, it is not reversible.
Types of Gambling activities
Lottery and Lottery Scratch Offs. Pull-tabs and Raffle tickets. Bingo. Sport betting. Slot Machines. Card and Table games. Internet/Sweepstakes. Horse betting. Stock Market speculation. Other?
Fun Stuffs related to Gambling.
How big is GAMBLING?
#ONE- Entertainment/Leisure activity in USA.
Grosses?
$84,000,000,000 (84 Billion Dollars)
But that's only in the USA.
Guess what was the profits earned only in Bingo in 2009? BINGO!
$142,100,000 in profits!
Some Questions, Guesses needed.
What are the odds of winning or sharing the POWERBALL jackpot in any drawing?
1. 2.
1 in 146. 1 in 146,000.
3.
4.
1 in 146 Million.
1 in 146 Gazzilion.
Odds of winning or sharing the POWERBALL Jackpot.
1 in 146 Million. (146,107,962) Even odds of getting struck by lightning: 1 in 280,000.
Most Common Consequences:
Significant Crime
Financial Losses.
rates increases. Problems.
Depression/Suicide. Relationship
Employment
Alcohol Work
Problems
and/or Drug Problems
Related difficulties.
Recognise whether the gambling is Social or Problem one.
Social Gambler: Occasionally gambles. Sticks to limits of money to play with. Hopes to win, but expects to lose. Can take it or leave it.
Recognise whether the gambling is Social or Problem one.
Problem Gambler: Gambles a lot / Spends a lot of time gambling. Expects to win and keeps playing to win back losses. Gambling is become a chore for them. "Chasing losses" with money that is needed, borrowed or stolen.
Self Exclusion / Restriction
Some might not know this option, customer has ability to voluntarily exclude themselves.
Urge to gamble significantly reduced.
Perception of control increased.
Intensity of negative consequences from gambling decreased.
Self Exclusion / Restriction
This might help you out a bit. Some people might not know about this option, customer has the ability to ask for restrictions:
Cheque cashing
Credit.
Gambling In India
Gambling in India is heavily restricted but the opposite is true online. Approximately 40% of internet users in India have admitted to visiting a gambling site - but not placing a bet. The sites were primarily for lottery, cricket and horse betting [Link] Public Gambling Act of 1867 prohibits running or being in charge of a public gaming house. The penalty for breaking this law is a fine of 200 or imprisonment of up to 3 months. Additionally, this Act prohibits visiting gambling houses. A fine of 100 or imprisonment of up to one month is the [Link] Information Technology Act 2000 regulates cyber activities in India and prohibits publication or transmission of information that can corrupt people. This includes online gambling and the punishment for such activities is much more serious than for offline gambling operations the fine is 100,000 or imprisonment up to 5 years.
Some random facts about GAMBLING.
Atleast 65 Million people play Poker on regular basis in the US. In the 1970s, the average range of age of people going for gambling was 35-55. now it is much larger, 17-70.
The Great Wall Of China was built to large proportions from cash derived from Keno.
According to surveys, 80% of the people think that Gambling should be legal. In the eighteenth century, an officer had a profession to swallow the dice if the police raid were making. One of the biggest jackpots in slot machines was in 1998, when a women won 27.6 million dollars.
Conclusion
In conclusion, Gambling is an addiction. It destroys homes, marriages and relationships. Gamblers also resort to crime to support their addiction. It can also cause medical problems and even lead to death. Like other addictions, Gambling may also lead a person to wrong path of life. Just like drug/Alcohol addiction. So with all this said, The Government should step up and offer more help to stop such activities. They should offer more recovery programs for such people.
Any problems related to this?
You can contact gaming control board of India.
For more info on Gambling, please refer its Wikipedia page .
Thanking You!